Financing

People who were right that GBN.V required financing need not pat themselves on the back. This financing is no different than the Sprott financing previously undertaken at the same juncture last year.

At least this one isn't a gold hedging programme, though I can say that selling your gold out of the mine to a third party might make certain that you get paid in cash instead of derivatives.

The company has no real need of financing, save that managerial and minority control is maintained throughout the bull market in gold prices. Note that the cut-off date is in June 2015.

The fifth of the fifth wave falls on the new year in 2015, based on a timing chart:

http://sharelynx.com/chartstemp/GoldeWave.php

Note that the Sprott financing was paid off early, therefore was unnecessary. Sprott did not enter into another financing, or was left behind as there was obviously a much better offer. Now we know just what that offer is.

One thing you might say about the financing is that should the gold price crash, to however low it might go, the financing will provide the necessary funds to carry out growth and still be paid back.

But should the gold price advance spectacularily, then the financing can be easily paid off. (so, to save our souls from being exposed to this dog, we basically need a higher gold price.)

Komis

As for the completely false Komis estimates being promoted on stockhouse, you might go back and review both the Komis technical report from earlier on in 2005:

http://www.goldenbandresources.com/images/file/GBN_Komis_TR_2005(1).pdf

And the preliminary economic assessment from 2008(p91):

http://www.goldenbandresources.com/images/file/LaRongeUpdatedTechnicalReportPEA(1).pdf

The share price is declining because of the strong inverse correlation with the long-dated U.S. treasury bond price and delta hedging strategies that sell the miner and buy the long bond.

In the absence of buyers, the sellers are in complete control.

I would have preferred to see a dividend payout, since that might trigger a forward-earnings profile for GBN.V valuation in commercial banking delta hedging strategies, and trigger outstanding warrants, without the need for financing.

-F6